Jotun, USG Boral and Volvo are partners for The Edge property awards
THE Edge Malaysia Property Excellence Awards recognise Malaysia’s best developers and outstanding projects throughout the country.
Housing Ministry to formulate guidelines for developer lending scheme
KUALA LUMPUR (Sept 14): The Ministry of Urban Wellbeing, Housing, and Local Government has been tasked by the cabinet to formulate a set of guidelines for property developers who wish to undertake a money-lending licence to provide bridging loans to buyers facing constraints in meeting the initial sale-and-purchase payment.
Rehda: No developer can give you 100% financing. We are not financial institutions.
PETALING JAYA (Sept 14): The proposal for property developers to have money-lending services to homebuyers is to bridge the remaining 10% to 15% end financing gap that financial institutions are not covering, said Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri Fateh Iskandar Mohamed Mansor (pictured).
LBS Bina plans aggressive launches
KUALA LUMPUR (Sept 14): LBS Bina Group Bhd (LBS) is planning "aggressive" launches this year until next year with more affordable and landed houses in the pipeline, said managing director Tan Sri Lim Hock San.
Properties priced from RM500,001 to RM700,000 faced the most loan rejections in 1H2016
PETALING JAYA (Sept 14): Properties priced from RM500,001 to RM700,000 faced the highest loan rejection rates, according to almost a quarter of 157 respondents to the Real Estate and Housing Developers’ Association (Rehda) property industry survey 1H2016.
Rehda: Launches and sales decreased significantly in 1H2016
PETALING JAYA (Sept 14): There has been a significant decrease in new project launches from 9,938 units in 2H2015 to 7,172 units in 1H2016 while sales have dipped from 52% in 2H2015 to 39% in 1H2016, said Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri Fateh Iskandar Mohamed Mansor (pictured) in his presentation of the Rehda property industry survey 1H2016 to the media today.
Henry Butcher: 77% of Penang existing residential properties selling below RM500,000
PETALING JAYA (Sept 14): Despite being the one of the most expensive housing markets in Malaysia, the Penang government has been making efforts to push affordable housing development for the young working population.
Parkson to sell interest in China unit
KUALA LUMPUR (Sept 14): Parkson Holdings Bhd is disposing of its interest in an indirect wholly-owned China subsidiary along with the relevant shareholders’ loan which it says will boost its current year earnings by RM300 million.
Axiata said to seek buyers for US$700 mil of overseas holdings
KUALA LUMPUR (Sept 14): Axiata Group Bhd, Malaysia’s biggest mobile phone operator, is seeking to trim stakes in some of its overseas operations in deals that could raise as much as US$700 million (RM2.
AWC gets three subcontracts worth a collective value of RM27.5 mil
KUALA LUMPUR (Sept 14): AWC Bhd’s 51%-owned environment division has bagged three independent subcontracts, including one for the KL118 project, for a collective value of RM27.
